Sponsored
IBM's Think Summit Johannesburg takes place on June 12 2019. Picture: SUPPLIED/IBM
IBM's Think Summit Johannesburg takes place on June 12 2019. Picture: SUPPLIED/IBM

A new era of business reinvention is dawning. Organisations are facing an unprecedented convergence of technological, social and regulatory forces. As artificial intelligence, automation, the Internet of Things, blockchain and 5G become pervasive, their combined impact will reshape standard business architectures.

The “outside-in” digital transformation of the past decade is giving way to the “inside-out” potential of data exploited with these exponential technologies.

Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm

IBM calls this next-generation business model the cognitive enterprise.

View the report (click on the Scribd logo – or "View on Scribd" on mobile – to expand):

IBM sees companies placing bets on the creation of business platforms to solidify their competitive advantage and differentiation. These platforms must be digitally connected from the outside in and fully cognitively enabled from the inside out.

Many of the strategic plays are based on the ability to redefine the business within its four walls by using the estimated 80% of global data that is still proprietary.

Others see the chance to play a platform role across their industries. A few companies are using platforms to expand their expertise and compete in markets adjacent to – but until now separate from – their traditional businesses.

Most organisations, though, are just beginning to prepare for the dramatic changes that will characterise the coming decade. They are still struggling to define their strategic differentiation. They are experimenting with multiple technology proofs of concept to evaluate process impact. And they are tackling the difficult task of shifting their applications and infrastructure from legacy to new.

Most importantly, organisations are finding that the biggest barriers to progress are their own people and culture. They need different mindsets and skills to take advantage of new business capabilities.

On June 12 2019, at IBM’s Think Summit Johannesburg companies will join IBM to engage on what it has learned about shaping and evolving into a cognitive enterprise, as well as the focused actions that can help companies succeed.

To learn more, visit the IBM website.

 

This article was paid for by IBM.